Duke Street buys UK Wealth Management

Duke Street plans to use UKWM as a platform company to drive consolidation in the sector

By

Dow Jones Newswires

March 7, 2011 4:32 p.m. GMT

London-based buyout firm Duke Street on Monday said it has acquired a majority interest in UK Wealth Management, the parent group for several well-established wealth management and employee benefits firms.

Financial details of the transaction weren't disclosed.

Duke Street plans to use UKWM as a platform company to drive consolidation in the...